Yesterday FED raised the Interest Rates by 0.75% instead of 0.5%.
Despite that, our expectations were right and we saw a wick to the downside followed by a move up.
It is more likely that this pullback will continue, We are looking at a possible move to 61.8% of the last downside leg, which is 1,0615.
The market will confirm our idea once it breaks above 1,0470. That's when we will be able to determine specific levels where price will eventually go next.
Right now, long positions are risky and not confirmed.
Despite that, our expectations were right and we saw a wick to the downside followed by a move up.
It is more likely that this pullback will continue, We are looking at a possible move to 61.8% of the last downside leg, which is 1,0615.
The market will confirm our idea once it breaks above 1,0470. That's when we will be able to determine specific levels where price will eventually go next.
Right now, long positions are risky and not confirmed.
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❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
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✅ JOIN FREE TELEGRAM: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.